Elon Musk is making a U-turn and plans to buy Twitter again after announcing in July that he was withdrawing his bid.
Twitter sued Musk to force him to go through with his purchase.
Musk in turn responded with a countersuit, claiming that Twitter inflated its user numbers and that many of the accounts are actually bots, spam and fake accounts.
The court hearings are scheduled to begin on October 17, but according to Alexander Norén, this is a way "a nicer way to accept defeat" for Musk.
- It is almost time for the trial and the signs have been before the trial that this might not go his way.
Then I think he's figured out that it's better to accept and make it a little nicer than to go to court, throw crap at Twitter, and then still end up with Twitter in your lap afterwards.
A nicer way to accept defeat, he says.
Musk's new offer is the same as the original one from April - 44 billion dollars, equivalent to 447 billion kroner - and according to Alexander Norén, there is no reason why Twitter should refuse.
- The shareholders have already said yes to his original bid in April.
I see no reason to believe they would change now.
They really want him to buy, because this is a good price, he says.
What would Musk's ownership mean for Twitter? Watch Alexander Norlén explain in the clip above.